rotestant Work Ethic places great emp Mutual fund prospectus hasis on hard work, commitment, and dedication to work, creative work, avoid unethical methods of collecting wealth, cooperation and competitiveness in the workplace (Yousef, 2001 ). Islam clearly counter Weber’s thesis that Muslim communities are not able to develop their economies. Weber (1982) states that Islam can not produce values, such as, the Protestant ethic “spirit of capitalism” for several reasons (in Arslan, 2000). First, Sufism is seen as an inner character as avoid the materialistic world affairs. Weber believes that Sufism is an obstacle to the development of the capitalist spirit as it promotes a way of life destiny. Second, the warrior ethic or spirit of conquest is considered as con Mutual fund prospectus trary to the spirit of capitalist productive because war is inextricably linked with the destruction and murder. Third, Weber argued that many Muslim leaders who do wrong; their limited property rights and capital accumulation. It created idleness among the people (Arslan, 2000). Weber opinion about Islamic values in economics was rejected because of faith in Islam, including work as an important component in human life. Work and faith, according to Abeng (1997), can be regarded as the root of the tree; one is interdependent on the other. A study conducted by Arslan (2000 and 2001) has provided empirical support to refute the thesis of Weber. Arslan (2000) compared the performance of British and Turkish officials use the Protestant Work Ethic. He found that the Turkish manager gets points higher in all of the features in the Protestant Work Ethic compared to British manager. His conclusion, Arslan said that the results of his research have several effects: first, Weber criticism of Islam in terms of economic behavior is not legitimate, especially, in the case of Turk Mutual fund prospectus ey manager. Second, religious motives have an important impact on the business. Finally, the Turkish Sufi movement has the same role as Calvin in Northern Europe in the eighteenth century. In addition, ethical and Islamic heritage has an important role in business ethics. Critical, Aslan findings reflect the results of a preliminary stu>